To view the PDF file, sign up for a MySharenet subscription.

BARCLAYS AFRICA GROUP LIMITED - Cautionary announcement

Release Date: 29/02/2016 07:05
Code(s): BGA     PDF:  
Wrap Text
BARCLAYS AFRICA GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/003934/06)
ISIN: ZAE000174124
JSE share code: BGA
('Barclays Africa Group' or 'BAGL')

CAUTIONARY ANNOUNCEMENT



BAGL refers to the announcement made by Barclays PLC at 18h00 (BST) time (20h00 SAST) on Sunday 28 February 2016. The full text of the statement appears below:
'Barclays PLC notes the recent press speculation regarding a potential sale of its shareholding in Barclays Africa Group Limited ('BAGL'). The Board continues to evaluate its strategic options in relation to its BAGL shareholding and expects to update the market at the time of its 2015 Full Year Results Announcement on 1 March 2016.' (end of quote)
Consequently, BAGL shareholders are advised to exercise caution when dealing in BAGL shares.
BAGL is an independent entity listed on the Johannesburg Stock Exchange that is well capitalized with a track record of generating strong returns. It is delivering on its strategy, has a strong and independent board, and is a bank regulated by the South African Reserve Bank. The BAGL Board confirms that BAGL will continue to operate in the normal course of business.
BAGL is the majority (and in some cases sole) shareholder of the BAGL operations in South Africa, Kenya, Botswana, Ghana, Zambia, Mauritius, Mozambique, Seychelles, Uganda and Tanzania (Barclays Bank Tanzania Limited and National Bank of Commerce Limited). BAGL confirms that any announcement relating to PLC's shareholding in BAGL does not impact the shareholding and ownership of these operations.
The BAGL results will be released on SENS in the ordinary course tomorrow (1 March 2016) at 07h00 SAST or shortly thereafter. Johannesburg 29 February 2016 Enquiries: Nadine Drutman (Group Company Secretary) Nadine.Drutman@barclaysafrica.com Tel: 011 350 5347 Independent lead sponsor to Barclays Africa Group:
J.P. Morgan Equities South Africa Proprietary Limited Joint sponsor to Barclays Africa Group:
Corporate and Investment Banking, a division of Absa Bank Limited
Date: 29/02/2016 07:05:00 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

Share This Story